Well, friends, the Bank of Canada has just announced something that might have a ripple effect on all our lives—a decision to lower its key interest rate by half a percentage point, bringing it down to 3.75%. Now, while that number might seem a little abstract, it’s part of a broader plan that the Bank has to balance the country’s economic growth and keep inflation in check. What does that mean for us? The Bank is keeping an eye on the global economy, and they’re... [read more]

Selling your home is a big deal, and I know it can feel a little overwhelming, especially in a buyer’s market. But don’t worry—you’ve got this! With some thoughtful preparation and a little bit of strategy, you can stand out and sell your home with confidence. Let’s walk through this step by step together. 1. How Quickly Do You Need to Sell? The first thing to ask yourself is: how quickly do you need to sell? Are you looking for a quick move, or do you have... [read more]

If you’re thinking about buying a home in the Greater Toronto Area (GTA), you might be wondering: is now the right time to make the leap? Well, grab a cup of coffee and let’s chat about it, because the current market is looking pretty promising for buyers—and here’s why. Falling Interest Rates: A Game-Changer Let’s start with one of the biggest reasons the market is looking more approachable: interest rates are falling. Economists are even predicting another... [read more]

Recent Changes in the 2024 Federal Budget The 2024 federal budget (Budget 2024) proposed to increase the capital gains inclusion rate for individuals, trusts, and corporations. Specifically, 66.7% of capital gains realized on or after June 25, 2024, would generally be included in income for tax purposes (this is up from 50%). To provide some relief, the budget proposed that capital gains up to $250,000 realized by an individual—either directly or indirectly through a trust or... [read more]

Hello, friends! Today, we're diving into a topic that can cause anxiety and sleepless nights for many homeowners: renewing your mortgage in a high-interest rate environment. The thought of paying more interest on your home loan can be daunting, but fear not! By following some key principles, we can navigate these challenging times and come out on top. Get ready to take control of your mortgage like a true financial warrior, Dave Ramsey style! Understand the Current... [read more]